Trump's actions are putting pressure on India's economy and financial stability. Here’s how his policies could affect India and what India can do to protect itself.
Trump's Impact on India:
1. Threatening BRICS:
Trump is proposing a 100% tariff on BRICS countries, including India, which could hurt our trade.
2. Sending Our People Back:
Trump is sending Indians back home in disrespectful ways, which creates tensions.
3. US Visa Delays:
Indian citizens face long wait times for US visas, making it harder for professionals and students to go to the US.
Trump's Plan for US Dominance:
1. Bitcoin Strategy:
Trump wants to buy more Bitcoin before others do.
2. National Crypto Reserve:
He plans to create a national crypto reserve for the US.
3. Bitcoin Strategic Reserve:
He wants the US to have a Bitcoin reserve to strengthen its economy.
4. US-Backed Stablecoins Everywhere:
Trump plans to spread US-backed stablecoins to every household globally, including India.
5. Dominating the US Dollar:
He aims to make sure 8 billion people hold US dollars, strengthening the USD.
Impact on India:
These actions will likely make the US dollar stronger, which could weaken the Indian Rupee (INR). This is a concern for India's financial stability.
What India Can Do:
1. Smart Bitcoin Accumulation:
India should quietly accumulate more Bitcoin than the US. Just like Bhutan, India can do this without drawing attention.
2. Ban US-Backed Stablecoins:
The use of US-backed stablecoins should be banned in India for buying goods and services.
3. Convert to INR Stablecoins:
Anyone who receives US-backed stablecoins should convert them into INR-backed stablecoins within a set time. If not, a penalty should be imposed.